Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (6316)	2/16/1999 10:53:00 AM
From: Vitas	Read Replies (2) \| Respond to of 99985

Weekly McClellan oscillator and summation charts, ratio adjusted, are updated at: cp-tel.net Both updated charts are zoomed for more detail. The current McClellan oscillator at -23 is in a similar spot to where, under similar conditions in 1957, it held for one last gasp rally where the market made new highs, before enbarking on a substantial decline. There isn't much precedent to this pattern to actually expect a new high in the NYA, for example; given the double knuckle on the daily summation pattern I expect, so far, that we are relieving oversold pressure within the 55 day pattern before we decline substantially. Vitas